Begin by gathering information on your income, expenses, debts, and savings.

Understand your financial feasibility through thorough evaluation.

Divide your expenses into categories such as housing, transportation, groceries, entertainment, and savings.

Goal setting is the next important step. Set specific and achievable financial goals for each category.

Evaluate and adjust. Regularly review your budget to see if you’re staying on track and adjust as necessary to accommodate any changes in your income or expenses.

Track your progress. Keep track of your spending and savings to monitor your progress towards your financial goals.